1. Research the Markets: Research the markets and look for assets that have the potential to be profitable. Analyze the recent performance of the asset, its market trends and the underlying factors driving it and identify any potential opportunities.
2. Identify Trends: Use technical analysis tools to identify trends in price movements which could indicate trading opportunities. Keep an eye out for any chart patterns or trends that have the potential to indicate good profit-making opportunities.
3. Monitor Key Factors: Monitor key economic factors, news and events that can have an impact on the markets and be prepared to capitalise on any unexpected events or changes.
4. Monitor Open Positions: Monitor open positions in order to identify any potential opportunities to exit the position at a higher profit level.
5. Be Disciplined: Be disciplined when trading and only enter into trades when there is a high probability that the position will be profitable. Don’t over-leverage or risk more than necessary and always use stops and limits to protect against losses.